Gassan Baloul represents clients involved in a wide range of complex cross-border commercial litigation or facing federal administrative and regulatory proceedings. He advises U.S.-based as well as multi-national clients from a variety of industries, including banking, finance, telecommunications, and insurance. In much of his work, he represents clients facing federal proceedings, including those initiated by the Department of Justice; Department of Treasury, Office of the Comptroller of the Currency, Office of Foreign Assets Control, and the Financial Crimes Enforcement Network.
Mr. Baloul has significant trial experience, participating in the defense of federal lawsuits involving mass tort claims, complex banking issues, international law and issues involving the Anti-Terrorism Act and the Alien Tort Statute. He has also worked on substantial appellate matters.
- A leading international financial institution that was the subject of an investigation by the U.S. Department of Justice and the Office of the Comptroller of the Currency.
- A leading financial institution based in the Middle East that was the subject of an investigation and enforcement action by the U.S. Treasury Department.
- A leading financial institution based in the Middle East in regulatory proceedings before the Office of Foreign Assets Control.
- A leading international financial institution based in the Middle East before the District Court for the Eastern District of New York and the Second Circuit Court of Appeals against multi-billion-dollar lawsuits arising out of claims under the Anti-Terrorism Act and the Alien Tort Statute. These cases involve allegations that the defendant provided financial services to charities that are alleged to have provided material support to organizations designated by the United States as Foreign Terrorist Organizations or Specially Designated Global Terrorists.
- Three leading financial institutions based in the Middle East that were involved in a multi-billion dollar federal lawsuit arising out of claims asserted pursuant to the Anti-Terrorism Act and Alien Tort Statute for damages resulting from a cross-border conflict. This representation resulted in the dismissal of all claims against the clients.
- A leading financial institution based in the Middle East involved in a multi-million dollar action brought by the U.S. government involving in rem civil forfeiture claims and civil penalties based on allegations of money laundering.
- A leading financial institution based in the Middle East in a breach of contract dispute. The matter included a global fraud investigation involving investigatory efforts and contacts in Europe, Asia, South America and the Middle East.
- A private investment fund based in the Middle East in enforcement proceedings in federal district courts in Connecticut and New York.
- A leading insurance company based in Europe, with real estate interests in Egypt and Lebanon. This matter involved the filing of 170 lawsuits in Egypt and Lebanon to recover fraudulently conveyed properties, and cooperation with local authorities in the prosecution of criminal charges.
- Prominent businessmen based in the Middle East and other countries around the globe in regulatory proceedings before the U.S. Treasury Department, Office of Foreign Assets Control.
- Represented one of the largest European telecommunications companies in a multi-billion dollar breach of contract dispute tried in the Southern District of New York.
- Advised financial institutions on compliance with U.S regulatory frameworks, including the Patriot Act, the Foreign Corrupt Practices Act (FCPA), and the Foreign Account Tax Compliance Act (FATCA).